Nashville company to pay $83M for two TV stations

Deb McDermott

Nashville-based Standard Media Group and Citadel Communications of Bronxville, New York, jointly announced Thursday an agreement via which the former will acquire two of the latter’s television stations for $83 million.

Specifically, Standard Media will purchase WLNE-TV, the ABC affiliate for the Providence, Rhode Island, and New Bedford, Massachusetts, market (designated market area No. 52) and KLKN-TV, the ABC affiliate for the Lincoln and Hastings-Kearney, Nebraska, market (DMA 105), according to a release.